Rithm Capital Corp. (NYSE:RITM - Get Free Report)'s share price reached a new 52-week low on Friday . The stock traded as low as $10.34 and last traded at $10.59, with a volume of 4247131 shares traded. The stock had previously closed at $11.25.
Analyst Ratings Changes
Several equities research analysts recently issued reports on the company. Piper Sandler lifted their price objective on Rithm Capital from $11.50 to $12.50 and gave the company a "neutral" rating in a research note on Friday, February 7th. JMP Securities reiterated a "market outperform" rating and set a $12.50 price target on shares of Rithm Capital in a research report on Thursday, January 23rd. Wedbush reissued an "outperform" rating and set a $14.00 price objective on shares of Rithm Capital in a report on Friday, March 28th. Finally, B. Riley raised shares of Rithm Capital to a "strong-buy" rating in a research note on Tuesday, January 7th. One equities research analyst has rated the stock with a hold rating, four have issued a buy rating and one has given a strong buy rating to the company. According to data from MarketBeat, Rithm Capital presently has a consensus rating of "Buy" and a consensus target price of $13.25.
Check Out Our Latest Research Report on RITM
Rithm Capital Price Performance
The company has a current ratio of 1.09, a quick ratio of 1.35 and a debt-to-equity ratio of 1.74. The stock has a market capitalization of $5.01 billion, a PE ratio of 5.72 and a beta of 1.36. The business has a fifty day moving average price of $11.51 and a 200-day moving average price of $11.14.
Rithm Capital (NYSE:RITM - Get Free Report) last issued its earnings results on Thursday, February 6th. The real estate investment trust reported $0.60 earnings per share (EPS) for the quarter, topping the consensus estimate of $0.44 by $0.16. Rithm Capital had a return on equity of 18.15% and a net margin of 17.79%. Research analysts expect that Rithm Capital Corp. will post 1.93 EPS for the current fiscal year.
Rithm Capital Announces Dividend
The firm also recently announced a quarterly dividend, which will be paid on Wednesday, April 30th. Investors of record on Monday, March 31st will be issued a dividend of $0.25 per share. This represents a $1.00 annualized dividend and a dividend yield of 10.40%. The ex-dividend date of this dividend is Monday, March 31st. Rithm Capital's dividend payout ratio is currently 59.88%.
Institutional Trading of Rithm Capital
Hedge funds have recently added to or reduced their stakes in the business. Wilmington Savings Fund Society FSB purchased a new position in shares of Rithm Capital in the third quarter worth about $43,000. Quarry LP grew its position in Rithm Capital by 47.5% during the 4th quarter. Quarry LP now owns 4,118 shares of the real estate investment trust's stock worth $45,000 after acquiring an additional 1,327 shares during the last quarter. Householder Group Estate & Retirement Specialist LLC increased its stake in Rithm Capital by 86.7% in the 4th quarter. Householder Group Estate & Retirement Specialist LLC now owns 4,439 shares of the real estate investment trust's stock worth $48,000 after purchasing an additional 2,062 shares during the period. Quadrant Capital Group LLC lifted its position in Rithm Capital by 35.2% in the fourth quarter. Quadrant Capital Group LLC now owns 4,655 shares of the real estate investment trust's stock valued at $50,000 after purchasing an additional 1,211 shares during the last quarter. Finally, Quent Capital LLC lifted its position in Rithm Capital by 58.6% in the first quarter. Quent Capital LLC now owns 5,465 shares of the real estate investment trust's stock valued at $63,000 after purchasing an additional 2,019 shares during the last quarter. 44.92% of the stock is owned by institutional investors.
About Rithm Capital
(
Get Free Report)
Rithm Capital Corp. operates as an asset manager focused on real estate, credit, and financial services. It operates through Origination and Servicing, Investment Portfolio, Mortgage Loans Receivable, and Asset Management segments. Its investment portfolio primarily comprises of mortgage servicing rights (MSR), and MSR financing receivables, title, appraisal and property preservation, excess MSRs, and services advance investments; real estate securities, call rights, SFR properties, and residential mortgage loans; consumer and business purpose loans; and asset management related investments.
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